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A Less-Jolly Holiday for Retailers?

Holiday retail sales growth should decelerate this year as consumers' pent-up demand is tempered by uncertainty over the markets and stagnant wage growth, says Morningstar's R.J. Hottovy.

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Jason Stipp: I'm Jason Stipp for Morningstar. It's Black Friday, and if you're watching this, you are not out shopping. But just how important is your business to retailers this year? Here to offer some insights is director of consumer equity research R.J. Hottovy to tell us a little bit about how important the holiday shopping season is to retailers.

Thanks for joining me, R.J.

Jason Stipp does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.